First Chance Foundation

Analysis

First Chance Foundation is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Chance Foundation reported income of $355k and spending of $250k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $355k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Chance Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Alaska Policy Forum ($355k), Rotary Zones 33-34 Foundation ($355k) and Kinetic Bridges ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $613k against liabilities of $0, net assets of $613k.